Singapore Used Car Market Outlook Report 2022-2025 – & More News Here

Dublin, June 07, 2022 (GLOBE NEWSWIRE) — The “Singapore Used Car Market Outlook to 2025: Increasing Used Cars Demand Due to the Pandemic Contributes to Increase in Used Cars Sales During the Economic Crisis” report has been added to ResearchAndMarkets.com’s providing.

The report covers a number of features reminiscent of quantity of used vehicles offered & market dimension by way of gross transaction worth, target market, development facilitators, Government rules, constraints & challenges confronted by the trade, and so forth.

The used automotive trade in Singapore is predicted to display a good development sooner or later. It is predicted to extend at a 5 yr CAGR of 11.1% (by worth in SGD Billion) from 2020 to 2025E. It is predicted that the share of the organized phase within the used vehicles house will enhance over time as extra manufacturers are planning to enter the OEM pre-owned licensed house

Certain overseas established C2B gamers are too contemplating Singapore Used Car market a rising and worthwhile enterprise. Moreover, folks in Singapore are realizing some great benefits of shopping for a pre-owned automotive as there was a shift within the normal shopper preferences.

The report additionally covers a snapshot on Singapore on-line used automotive market, enterprise fashions, worth chain evaluation, SWOT evaluation, shopping for choice parameters, aggressive state of affairs and firm profiles. Singapore Used Car Industry report concludes with projections for way forward for the trade market dimension, market segmentations, the affect of Covid-19, and analyst tackle the longer term market state of affairs.

Singapore Used Car Market Overview and Size

Singapore Used Car market is in its development part, rising at a CAGR of -3.1% (by worth in SGD Billion) throughout 2015-2020. A surge within the demand of personal vehicles, coupled with handy financing amenities, elevated web penetration and enhanced digitalization of the used vehicles house have been the salient components resulting in the expansion of the used vehicles market in Singapore.

Snapshot on Online Used Car Landscape

The on-line Used Car Market has been gaining traction in the previous couple of years. There has been an immense growth within the lead era of used vehicles through the net means within the final decade. Facebook, Instagram and different social networking websites performs a key position in increasing the used vehicles market in Singapore.

Emergence of on-line auto-portals and categorised platforms reminiscent of Carousell and DBS Car Marketplace have supplied elevated visibility and credibility to the client-to-buyer transactions within the unorganized phase. The rising web penetration of the used vehicles market within the nation is contributing positively to the expansion of the trade.

Competitive Landscape of Singapore Used Car Market

There exists intense competitors within the fragmented market with varied licensed dealerships, multi-model shops & impartial (standalone in addition to clustered sellers) working within the trade.

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The largest share of the market is held by the multi-model sellers. While the banks additionally fall beneath the B2C organized phase, they don’t exhibit any aggressive traits as their sole objective is to get well the losses incurred as a result of delinquency of the debtors. In order to compete with licensed sellers, most multi-model sellers are offering worth added companies as a way to retain and develop their market share.

Key Topics Covered:

1. Executive Summary
1.1 Flow Chart
1.2 Used Car Ecosystem
1.3 Genesis of Used Car Industry in Singapore
1.4 Used Car Offline Business Models
1.5 Cross Comparison throughout Countries

2. Country and Economic Overview
2.1. Ease of Doing Business in Singapore
2.2. Macro Economic Overview
2.3. Demographic Overview
2.4 Future Outlook and Projections for C2B Online Platforms Market
2.5 E-Commerce Overview
2.6 E-Commerce Penetration

3. Supplementary Services
3.1 Singapore Auto Finance Market Ecosystem
3.2 Trends and Developments in Singapore Auto Finance Industry
3.3 Singapore Auto Finance Aggregator Market Overview
3.4 Impact of Aggregator Platforms on Various Financial Institutions
3.5 Case Study: LENDELA
3.6 Comparison between Banks and Auto Dealers
3.7 Government Policies Affecting Singapore Auto Finance Industry
3.8 Auto Insurance
3.9 Major Aftersales Services
3.10 Aftermarket
3.11 Warranties

4. Overview, Opportunity & Current Scenario of the Industry
4.1 Value Chain of Used Car Industry in Singapore
4.2 Used Car Value Chain Analysis on the Basis of Stages
4.3 Sourcing of Used Cars for Dealers and Direct Buyers in Singapore
4.4 Lead Generation of Used Cars for Dealers and Direct Consumer Purchases in Singapore
4.5 SWOT Analysis
4.6 Competition Scenario

5. Demand & Supply Analysis
5.1 Market Sizing Analysis for Singapore Used Car Industry foundation Volume & GTV, 2015-2020
5.2 Impact of Covid-19
5.3 Segmentation: By Market Structure (Organized and Unorganized Market), 2020
5.4 Further Segmentation of Organized Channel: By Source of Lead Generation (Online and Dealership Walk-Ins), 2020
5.5 Further Segmentation of Organized Market: Basis Sales Chanel (B2C and C2C), 2020
5.6 Further Segmentation of B2C: Basis Sales Chanel (Multi Brand Dealerships, Direct Dealership Sales Agent and Banks Repossessed), 2020
5.7 Segmentation: By Car Body Type (SUVs, Sedans, Hatchbacks, MPVs, Sports Cars, Stationwagon), 2020
5.8 Segmentation: By Brand (Toyota, Honda, Mercedes Benz, BMW, Hyundai, Audi, Volkswagen, Kia, Mazda, Nissan and Others) , 2020
5.9 Segmentation: By Mileage (20 – 50 Km, 50 – 100 Km, 100 – 150 Km, 150 – 200 Km, 200 km and Beyond), 2020
5.10 Segmentation: By Regions (North, East, West, South, Central), 2020
5.11 Segmentation: By Vehicle Age ( 0-1 years, 1-3 years, 3-5 years, 5-8 years, greater than 8 years), 2020
5.12 Segmentation: By Engine Size (1000 cc& Below, 1001 – 1600 cc, 1601 – 2000 cc, 2001 – 3000 cc, 3001 & Above), Ownership (1, 2, 3, 4, 5, 6, 6+) and Car Parcs, 2020

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6. Industry Analysis
6.1 Business Trends and Developments
6.2 Issues and Challenges
6.3 Government Regulations
6.4 Sales Regulations: Lemon Law
6.5 Car Inspection
6.6 Car Transfer Regulation
6.7 Car Engine Requirements
6.8 Used Car Financing Options
6.9 Decision Making Process in Buying a Used Car in Singapore

7. Snapshot on Online Used Car Platforms in Singapore
7.1 Customer Pain Points in Used Car Industry
7.2 Online Used Car Marketplaces Business Models
7.3 Proposed Business Framework
7.4 Online Used Cars Transactional Platforms in Singapore
7.5 Competition Scenario – Market Positioning of Auto Classified Portals
7.6 Cross Comparison Between Existing Online Retail Models in Singapore Used Car Market
7.7 Strengths and Weaknesses of Major Online Auto Portals
7.8 Cross Comparison Between Existing Online Retail Models on Services

8. Competition Landscape
8.1 Competition Landscape for Singapore Used Car Market

9. Company Profiles – Authorized Dealers
9.1 Republic Auto Pte Ltd
9.2 Borneo Motors Pte Ltd
9.3 Select by Performance Premium Selection Ltd
9.4 Volkswagen’s Das Welt Auto
9.5 Eurokars Pre-Owned Pte Ltd

Case Study Analysis
15.1 CarCommerce (India)
15.2 Cars24 (India)
15.3 CarSwap (UAE)

Companies Mentioned

  • Cycle & Carriage Industries
  • Inchcape plc
  • Performance Motors Ltd
  • Volkswagen Group
  • Eurokars Group of Companies
  • Vin Car
  • 88 Motor Trading
  • Prime Motor & Leasing
  • Hua Yang Credit
  • Creative Auto
  • Carousell
  • DBS Car Marketplace
  • C2B
  • SgCarMart
  • Carro
  • Motorist
  • Car Times Automobiles
  • Cosmo Automobiles
  • Carsome
  • DirectCars
  • Otopac Motors

For extra details about this report go to https://www.researchandmarkets.com/r/z0vrr3

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